Money Market

Heritage Bank Debuts ‘HB LAB’ Tech Start-Ups to Boost Economic Growth

…As winner gets $25, 000 grant, other benefits February 20, 2019/Heritage Bank Ltd Heritage Bank Plc, Nigeria’s most innovative banking service provider, adopts a focused approach that removes barriers and galvanizes the critical sector of the economy around a bold growth agenda with the launching of its innovation accelerator programme […]

Banks Offered N15.13 Trillion Loans to Private Sector in 2018

February 19, 2019/NBS A total volume of 616,528,697 transactions valued at N39.15trn were recorded in Q4 2018 as data on Electronic Payment Channels in the Nigeria Banking Sector revealed. NIBSS Instant Payments (NIP) transactions dominated the volume of transactions recorded. 228,209,423 volume of NIP transactions valued at N23.57trn were recorded […]

The Emergence of Africa’s Largest Bank and Its Attendant Benefits

February 19, 2019/Prize Communications Ltd The imminent merger between Access Bank, a tier-1 lender, and Diamond Bank, Nigeria’s Leading tier-2 lender is expected to produce the largest banking group in Africa based on its number of customers. The resulting entity which will maintain the brand name Access Bank, but with […]